GFL Environmental Inc. (TSE:GFL) Director Sells C$17,125,500.00 in Stock

GFL Environmental Inc. (TSE:GFL - Get Free Report) Director Patrick Joseph Dovigi sold 250,000 shares of GFL Environmental stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of C$68.50, for a total value of C$17,125,500.00.

GFL Environmental Trading Up 2.4%

TSE GFL traded up C$1.58 on Thursday, hitting C$68.46. 503,100 shares of the stock were exchanged, compared to its average volume of 326,812. The company has a debt-to-equity ratio of 147.75, a quick ratio of 0.57 and a current ratio of 0.58. GFL Environmental Inc. has a 52-week low of C$41.90 and a 52-week high of C$71.82. The firm has a market capitalization of C$26.42 billion, a P/E ratio of -44.93, a P/E/G ratio of -0.76 and a beta of 1.03. The stock has a fifty day moving average price of C$67.55 and a two-hundred day moving average price of C$64.94.

GFL Environmental Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th were paid a dividend of $0.0154 per share. The ex-dividend date of this dividend was Monday, April 14th. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.09%. GFL Environmental's payout ratio is currently -5.25%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of GFL Environmental to a "strong-buy" rating in a report on Tuesday, May 6th. Citigroup upgraded GFL Environmental to a "strong-buy" rating in a research report on Monday, January 27th.

About GFL Environmental

GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste.